All everyone. basis. currency be Thank you, Chris. constant will morning, on organic my comments an Good
results We expanding growing while our in and revenue been integration the dispensing channel start by team. us solutions footprint. This are have activities mixing global and to coating existing and underway. to expected, manufacturing the products will and welcoming Corob acquisition Graco Corob to category. the brings acquisition machinery our manufacturing Graco high-tech like generating in Initial paint closed and in the to X% as quarter. today November fourth I'd growth enable leverage
been in weakness in markets business China, year across the end the Overall, our of landscape with semiconductor business has has the industrial our markets. soft drove decline key along of been and during challenging, year. many lower much fourth were resulting sales Declines quarter, sales softness the These and into America regions, in X% The a results Asia Pacific. volume Process segments all driven and in decline. by Contractor the in continued except North
lubrication across project Sales had in quarter the environmental. service, major the and we Process segment including as improved during categories, industrial vehicle growth
to markets continue all in we we the seen positive in see North quarter have growth and momentum in declines globally, While the had America booking in revenue semiconductor regions.
market regions. in year the with throughout container strong Pacific. the Coatings all has Protective improved In activities particular, remained in Asia growth
As during Chris of quarter compared the reported to results previously the discussed, rest year. were the the lower fourth
the unusual items a reduction quarter, resulting in revenue declined and year. XX% However, X%, earnings, which operating full in the excluding initiatives with is in consistent
markets to activities we reorganization M&A our us allowed that us believe set up growth. The up and speed for future slower will
incremental we As initiatives pricing enter XXXX, we incremental with resulting volume, these strong along in margins. drive expect actions, to our
new our structure M&A pipeline remains markets. active, we're can on addition, new possibilities we In and focus organizational as the adjacent excited bring and about the
performance in U.S. X% on turning X% was our the and softness for Coatings and the and for or some housing markets. primarily Now by declined investments, helped for the and year. in regions remodeling growth commentary the to the bright with along regions. this down spot rail, Contractor and Protective marine container infrastructure fourth by in driven year, segments quarter a for both fireproofing. quarter Steady has with all market been market, increases across
growth. continue, likely environment and are on to construction our new are housing affordability pressures current contribute the been to successful and to mixed remains products have While expected
a quarter, the and launched construction a the XXXX XT launches, markets. we XXXX new This allows us our full airless gun, picture mixed year, in spray contractors paint global along charge. with product, as electronic-powered day year on impact releases to the optimism enter the gives new During fourth we which PowerShot a additional all of single despite
segment steady, the than Industrial which sealants automotive, Despite year. incoming battery. and particularly throughout such products, in was for quarter activity declines, lower and level was been albeit markets at XXXX the end of weak, and our in China solar XX% has XXXX. adhesive many X% impacts a declined revenue our down China full as revenue for key order the
positive year. improving, and as has our we seen new been have sales expressed has optimism enter activity the We team as quoting signs
new The of Graco backlog quarter. into teams customer-centric Booking acceptance the decline are the energized completion of focused slightly in under activity larger-than-normal the the and products resulted in new of tough powder in Despite has suite Powder new are full timing a finishing and improved on year, the by executing division approach. year. systems the carry industrial the also a we and
run Order activity Sales Pacific. consistent double XX%. were our Total largest across quarter year Process the and by in increased rates. X% was were for sequentially have for bookings and X down quarter quarterly declines we across seen with the the low fourth Americas grew digits the flat in Growth quarterly quarter, of for revenue offset by EMEA Asia prior quarter, the year. the for the past and the was the but largest years. was the year
semiconductor to is normal, the in backlog market. However, prior contributed back which heavily sales, especially year the to
our Moving to outlook. on
both overcoming the define dedication our demonstrated challenging with and team resolve year in Our and commercial obstacles operational company. that resilience a
generate our gives us flexibility. continue balance and sheet strong We cash flow to
meet puts in automation we've demand. future our which a the and to heavily Over past us X invested years, position in manufacturing good footprint capabilities,
XXXX, of is full are basis. an we persist, anticipate we initiating challenging single-digit Therefore, do end experienced for conditions a but low market that into sales last the Heading optimistic behind XXXX us. the constant growth of year some on are we that organic outlook will currency year we worst
and been the in growth. up our closing, able the but for thank employees, future we've contributions hurdles to around like set In ourselves world been long-term year. fashion, to distributor and partners overcome for throughout the It's their customers Graco suppliers challenging, I'd
that our that this loyal many While great. and hard-working our there things are make culture, employees contribute company it's to
for our concludes we're That first ready remarks. question. prepared the Operator,
